US financial regulators are examining what critics are calling potentially the largest insider-trading operation in American history — a series of enormous, impeccably timed bets on oil futures and stock indices that appeared minutes before President Donald Trump makes big, market-moving announcements about the war with Iran. President Donald Trump during an event at the…
Yahoo Finance’s Jake Conley reports: Earlier this month, China announced tightened export restrictions on rare earth minerals, including a complete prohibition on all exports for defense applications. That potentially leaves the US defense industry without a key input across a range of weapons systems. But during earnings calls this week, leadership at the country’s top…
As stocks continue to shrug off rising conflict in the Middle East, strategists argue that any major moves in oil futures will likely be the biggest driver of shifts in the equities market. “Oil prices will determine whether volatility persists,” Morgan Stanley chief investment officer Mike Wilson wrote in a note to clients on Monday…
Oil was on track to close out its third week of gains as traders awaited President Trump’s decision on whether the US will directly intervene in the Israel-Iran conflict. West Texas Intermediate futures (CL=F) traded just below $75 per barrel, and Brent crude (BZ=F), the international benchmark, hovered near $76. Oil futures were on pace…